- The institution reaffirms its commitment to transparency
The Board of Executive Directors of IDB Invest, a member of the Inter-American Development Bank Group (IDB), has approved its new Access to Information policy. With this new policy, IDB Invest reaffirms its commitment to transparency in the exercise of its activities and strengthens its governance and responsibility.
As part of the policy preparation process, IDB Invest engaged in public consultation with stakeholders and established a transparent dialogue that allowed for the suggestions of interested parties to be heard, giving everyone the opportunity to contribute to improving the effectiveness of the policy.
During the consultation, face-to-face meetings were held in Washington, D.C. and in various countries of Latin America and the Caribbean. In addition, a virtual consultation was carried out through http://consultation.idbinvest.org/.
Following the approval of the Board of Executive Directors of IDB Invest, the new Access to Information Policy has been made available to the public together with a report on the public consultation, which includes all the comments received, as well as the responses to said comments. Both documents are available at https://www.idbinvest.org/access-information-policy. Once it comes into effect, scheduled for 2020, the new policy will replace the current Disclosure of Information Policy.
In the near future, as part of the preparation for the implementation of the new policy, IDB Invest will make available to the public the Implementation Guidelines draft of the new Access to Information Policy for digital public consultations during a period of 30 days.
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a portfolio of assets of $12.1 billion under management and 329 clients in 21 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the needs of its clients